3 June, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar attempting to form the fifth ascending wave with the target at level of 1.1525. We think, today, the price may return to level of 1.1085 to test it from above. Later, in our opinion, the market may grow towards level of 1.1287 and form a new consolidation channel between the above-mentioned levels.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming a correction with the target at level of 1.5430. After reaching it, the pair may form the fifth descending wave towards level of 1.5051 and then start another correction to return to level of 1.5400.
USD CHF, “US Dollar vs Swiss Franc”
Franc is falling towards level of 0.9180. Later, in our opinion, the market may return to level of 0.9323, thus forming another consolidation channel.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a descending impulse with the target at level of 123.54. After reaching it, the pair may return to level of 124.30, thus forming a reversal pattern for a new descending trend. The target of this downtrend is at level of 120.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues growing. We think, today, the price may reach level of 0.7850 and then continue falling towards level of 0.7418.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is falling towards the lower border of its consolidation channel. If the price breaks the channel downwards, it may reach level of 50.00; if upwards – continue forming an ascending wave with the target at level of 55.50.
XAU USD, “Gold vs US Dollar”
Gold continues moving downwards. We think, today, the price may reach level of 1172. Later, in our opinion, the market may return to level of 1179 to test it from below and then continue falling to reach level of 1163.
RoboForex Analytical Department
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...